Common use of Uncontested Claims Clause in Contracts

Uncontested Claims. In the event that, within fifteen ------------------ calendar days after a Notice of Claim is received by the Representative, the Representative does not contest such Notice of Claim in writing to DoveBid (an "Uncontested Claim"), the Representative will be conclusively deemed to have consented, on behalf of all Shareholders, to the recovery by the DoveBid Indemnitee of the full amount of Damages specified in the Notice of Claim in accordance with this Article VIII, including the offset of any such amount against the Deferred Payment or against amounts owed by DoveBid to the Shareholders pursuant to the Convertible Promissory Notes or otherwise, and, without further notice, to have stipulated to the entry of a final judgment for damages against the Shareholders for such amount in any court having jurisdiction over the matter where venue is proper.

Uncontested Claims. In the event that, within fifteen twenty (20) ------------------ calendar days after a Notice of Claim is received by the Representative, the Representative does not contest such Notice of Claim in writing to DoveBid (an "Uncontested Claim"), the Representative will be conclusively deemed to have consented, on behalf of all Shareholders, to the recovery by the DoveBid Indemnitee of the full amount of Damages specified in the Notice of Claim in accordance with this Article VIII, including the recovery of any such amount from the Holdback Amount, or the offset of any such amount against the Deferred Payment or against amounts owed by DoveBid to the Shareholders pursuant to the Convertible Promissory Notes, the Promissory Notes or otherwise, and, without further notice, to have stipulated to the entry of a final judgment for damages against the Shareholders for such amount in any court having jurisdiction over the matter where venue is proper.